Obama Pitches Road Spending, Tax Incentives In Ohio
Reuters reports: "President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs. Obama will travel to Ohio to tout programs that include accelerating $200 billion in business tax write-offs, which the White House says would eventually cost just $30 billion, an infrastructure spending boost of at least $50 billion, and increasing and permanently extending a tax credit for research and development costing $100 billion over 10 years. Obama's speech is expected to be strongly political and it comes less than two months before congressional elections when his Democrats face the threat of big losses."
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Obama's Day Ahead
President Obama and Vice President Biden will receive the presidential daily briefing at 9:45 a.m. ET. Obama will depart from the White House at 12:05 p.m. ET, and depart from Andrews Air Force Base at 12:20 p.m. ET, arriving at 1:30 p.m. ET in Cleveland, Ohio. He will deliver remarks on the economy at 2:10 p.m. ET, at Cuyahoga Community College West Campus in Parma, Ohio. He will depart from Cleveland at 3:50 p.m. ET, arriving back at Andrews Air Force Base at 5 p.m. ET, and at the White House at 5:15 p.m. ET. He will meet with senior advisers at 5:20 p.m. ET.